Explaining Different Types Of Life Insurance Policies

Posted on by admin

Patrick McNealis Insurance and Financial Group are proud to serve the Emmaus, PA community. We take a personalized approach to offer coverage. We recognize that each of our clients has unique needs. That’s why we are committed to helping them obtain policies that align with their future and present goals. We will work with you to find the right policy for your situation.

Explaining Different Types Of Life Insurance Policies

Life insurance allows you to plan for emergencies. The policy offers protection if you unexpectedly pass away. You can help lessen the burden on your loved ones as they cope with your passing. They can use the policy to make funeral arrangements or get your affairs in order. You can use the coverage to help your children pursue higher learning at Emmaus PA school or another institution. You can use the policy to ensure that your loved ones continue operating the business you started. Life insurance can help fulfill a variety of needs. As you figure out which policies make sense for your situation, learn about these different types of life insurance.

Whole Life

Whole life coverage ensures that you will receive coverage throughout your entire lifespan. This policy ensures that your loved one will receive some insurance making your funeral arrangements.

Term Life

Term life coverage provides coverage during a particular amount of time. Usually, the duration of a term life policy is between 10 and 20 years. During this period, you will receive full coverage. You can start another policy or pursue different coverage at the end of the period.

Variable Life

Variable Life policies are considered more high risk because while you will receive coverage, the policy’s total value may fluctuate depending on some variables.

Patrick McNealis Insurance and Financial Group Will Help You Cover Your Assets

Contact our office to learn more information about life insurance.

Does auto insurance cover a rental car?

Posted on by admin

Renting a car is done online these days for the most part and as soon as you start the process, questions about what insurance coverage you want to purchase are being thrown at you. It can be intimidating. You may end up purchasing more insurance than you need just to get through the renting process. At Patrick McNealis Insurance and Financial Group in Emmaus, PA, we are an independent insurance agency that believes in providing our customers with personalized and caring service. 

Not everyone has insurance that will cover a rental car. If you have basic insurance, which is liability coverage, you will only be partially covered and will need additional coverage. You have to protect the vehicle you are renting in the event you damage it. In order to be protected by your personal auto insurance, you must have a full-coverage policy that includes collision and comprehensive coverage. If you have an older vehicle with complete coverage, check with your insurance agent to make sure it will provide enough coverage for a newer, more expensive vehicle. 

The rental car company will try to sell you additional liability coverage. If you are comfortable with the amount of coverage that you live with on your own policy, you don’t need this coverage. If you have home, renters, or condo insurance, your personal property is covered in the vehicle you are renting, so you don’t need that coverage either. 

Always check with your credit card company to see what benefits it provides. Many cover you for a rental car if you use that credit card to book and pay for your rental. If you don’t have the right auto insurance, getting CDW (collision damage waiver) coverage from the rental company takes the place of that coverage. 

Contact Patrick McNealis Insurance and Financial Group in Emmaus, PA, when you need auto insurance. 

Is Commercial Insurance Required in Pennsylvania?

Posted on by admin

Patrick McNealis Insurance and Financial Group is here to provide support and guidance for all business owners who seek a high-quality full-coverage insurance policy for their company. If you do business in the Emmaus, PA area, keep reading for some important information on ensuring your business in the state of Pennsylvania. 

Pennsylvania law requires all businesses to maintain a workers’ compensation insurance policy to protect their employees while they’re working on-site. If an employee gets injured on the job, this policy protects them (and you) and provides financial support to cover their medical bills and any other expenses. 

If you have employees, even if they are part-time or seasonal, this coverage is required. You may also seek insurance if you have a fleet of vehicles that employees drive. 

Other than that, commercial insurance in the state of Pennsylvania is up to the discretion of the business owner. However, there are so many benefits to investing in an insurance policy for your business. 

You’ve worked hard, put all your blood, sweat, and tears into your business. It may be one of your life’s biggest accomplishments. Shouldn’t you treat it as such? 

Insurance can protect your company from lawsuits, disgruntled clientele, and libel claims. These are all examples of how commercial insurance will provide financial protection so you can get back to focusing on growing and scaling your company. 

The team at Patrick McNealis Insurance and Financial Group wants to be a part of helping your company succeed. If you’re in need of a commercial insurance policy, contact us today. We’re dedicated to serving the Emmaus, PA area and would be happy to help you any way we can. 

Buy Life Insurance Now: Here’s Why

Posted on by admin

At Patrick McNealis Insurance and Financial Group, we help many Emmaus, PA residents find the life insurance policy that they need. You might not think that life insurance is necessary for your well-being. That’s simply not the case at all. Here is why.

Protect Your Family 

The number one goal of any life insurance policy should be to protect those you leave behind. For instance, you may need to pay money to your spouse and your children to help when you pass. This cash can help them to pay funeral expenses and adjust to life after you, especially if you were the primary or only money-making member of the home.

Avoid Legal Troubles 

If your family runs into financial problems after you pass, they may also run into legal concerns as well. For example, it may be possible for them to struggle to pay certain bills and get stuck behind on their payments. This situation is very scary and requires the payout of a life insurance policy to minimize their risk of confusion.

Hold Your Estate Together 

Lastly, a good life insurance policy helps to keep your estate in one place to minimize dispersal. For example, if you don’t name any beneficiaries for your goods, such as your home and other items, they may end up going to the state. Life insurance policies can help you prepare for this issue alongside a high-quality estate planning professional.

Get Help Today

If you don’t have life insurance to protect yourself and your family, it is important to seriously consider finding some as soon as possible. By talking to us at Patrick McNealis Insurance and Financial Group, you can get set up to keep your Emmaus, PA estate safe and proper after you pass.

Does Every Driver in Pennsylvania Need Car Insurance?

Posted on by admin

If you’re a driver in Pennsylvania, you should know that auto insurance is required to operate a vehicle here. If you’re in the Emmaus, PA area and are shopping around for a new auto insurance policy, the team at Patrick McNealis Insurance and Financial Group is here to help. 

Why Is Auto Insurance Required in Pennsylvania?

While auto insurance is absolutely legally required in Pennsylvania, the common sense behind investing in auto insurance goes much deeper than that. There are over 3 million drivers on the road in Pennsylvania every day. If you live in this great state, you know that traffic here is a daily occurrence and something you have to plan around. 

While you may be the best driver on the road and drive defensively and safely, you simply can not control the way other drivers behave on the road. We can only anticipate what could happen, and for that reason, insurance is the best common-sense investment you can make as a driver in Pennsylvania. 

With that being said, it’s no secret that determining which auto insurance policy is best for you and your household can be a challenge. If you have multiple drivers and vehicles, your coverage is different than a one-driver household. The team at Patrick McNealis Insurance and Financial Group can help answer any questions or concerns you have about the insurance purchasing process and we’re happy to help you select the best policy for your driving needs. 

If you’re in the Emmaus, PA area, auto insurance is something you should always maintain. As long as you’re driving on the roads here, it’s absolutely essential for peace of mind and the safety of others and yourself. 

4 Benefits of Classic Car Insurance

Posted on by admin

Classic car insurance works similarly to your standard auto insurance, but it protects the true value of your antique car since classic cars appreciate in value. Whether it’s a 1967 Ford Thunderbird or a 1969 Chevrolet Camaro, here are the benefits you accrue when you buy classic car insurance from Patrick McNealis Insurance and Financial Group in Emmaus, PA.

Covers physical damage to your car

Comprehensive and collision coverages cushion your vehicle from physical damage when a covered peril strikes. Depending on the value you have used to insure your car, your insurer compensates you for the true value of your car if it’s stolen or totaled. And you don’t have to sweat about depreciation, unlike conventional vehicles. 

Liability protection

Even though you drive your collector’s car occasionally, mishaps can happen the few days you are on the road. If accidents happen, you could cause bodily injury or property damage to other people. Thankfully, with classic car insurance, third-party liabilities are your insurer’s headache. 

Roadside assistance

Whether old or new, cars can break down. But the last thing you would want is being stranded on the highways while strolling with your one-in-a-kind vehicle. The good news is that classic car insurance can bail you when your vehicle misbehaves miles away from home. 

With services like flatbed towing, gas delivery, flat tire changes, and battery jump-start, classic car insurance ensures that you aren’t stranded following your vehicle breakdown. 

Peace of mind

When you own something as valuable as your antique car, you are always worried about its safety. But whether it’s theft, fire, collisions, or vandalism, classic car insurance ensures that nothing steals your memories from you. 

Classic car insurance in Emmaus, PA

Are you looking for classic car insurance that protects your pride and joy? Would you please connect with Patrick McNealis Insurance and Financial Group for affordable coverage?

What Are the Risks Of Not Having Renters Insurance?

Posted on by admin

If you rent an apparent or house, renters insurance is what you need. The purpose of this insurance is to protect tenants and their personal belongings from water damage, fire, and theft. Many tenants decide to save some money and not to buy renters insurance. However, it might be a risk that is not worth taking. Here is a list of risks that tenants may face if they decide not to purchase renters insurance:

Risks of Not Having Renters Insurance

Here is a list of reasons why skipping renters insurance is not a good idea:

  • If your possessions are damaged or stolen, they will not be reimbursed. For example, if there was a fire in your home that damaged or destroyed your personal belongings, you will have to pay for repairs and replacement out of your pocket. 
  • You can get evicted without renters insurance. It is stated in some leases that renters insurance is a requirement. Thus, if you signed a lease and agreed to maintain renters insurance coverage, you are risking getting evicted by your landlord. 
  • If your apartment or house is damaged, you will not have a place to live. If the place you live gets seriously damaged and becomes uninhabitable, you will need temporary housing. Usually, it is paid by insurance, but if you do not have renters insurance, you will have to pay for housing itself.

Patrick McNealis Insurance and Financial Group serving Emmaus, PA – We Are Ready To Assist You In Any Capacity 

If you are renting a home in Emmaus, PA or any other surrounding area, you need to carry renters insurance to protect your personal belongings and yourself. Patrick McNealis Insurance and Financial Group provide their clients with all types of insurance services, including renters insurance. We treat our clients with the respect they deserve and always help them find perfect insurance policies addressing their needs. Visit our website or give us a call if you have any questions. 

Is RV Insurance Mandatory In Pennsylvania?

Posted on by admin

RV ownership in Emmaus, PA accords you a platform to enjoy the fascinating sceneries of Pennsylvania. Your RV in Emmaus PA is a designed house on wheels; thus, RV insurance should offer formidable protection for your expensive-owned asset. Several RV owners are converting their RV as their home and a prolific trend to tour and enjoy the breathtaking sceneries at the convenience of a home on wheels. Buying spectacular RV insurance from Patrick McNealis Insurance and Financial Group can make you enjoy your travels knowing that you and your expensive asset are protected.

Is RV insurance mandatory in Pennsylvania?

The state of Pennsylvania advocates RV owners to maintain the following coverage for their motorhome:

  • Bodily injury liability: Caters to medical costs for other motorists if you are deemed liable for an accident
  • Medical benefits coverage: It caters to personal medical bills if you are engaged in an accident with your RV.
  • Property damage liability: Reimburses repair or replacement costs for the damaged property for others.

State-mandated liability coverages sometimes are not sufficient to offer maximum protection for you and your RV. Therefore, it’s instrumental in considering other types of optional coverages, namely: 

Collision coverage: It pays for repair or replacement costs for physical damage propagated by a collision with another vehicle to your RV or other stationary objects.

Comprehensive coverage: It pays for repairing or replacing your RV if non-collision perils damage it. These covered calamities include contact with an animal, vandalism, and theft. 

Un-insured and under-insured motorist coverage: It pays for medical expenses for you and your passengers if you are involved in a hit-and-run situation with your RV where the other motorist possesses inadequate coverage, or they don’t have coverage at all.

Replacement cost or personal effects: This type of coverage safeguards your belongings like camera equipment or sporting gear inside your RV.

No matter what type of camp trailer you use in Emmaus, PA our local agent is ready to answer all queries about RV insurance coverage. So don’t hesitate to call or visit us at Patrick McNealis Insurance and Financial Group so that you can have peace of mind on your next trip.

Motorcycle Insurance FAQs

Posted on by admin

Insuring a motorcycle in Emmaus, PA provides coverage for all different types of motorcycles. However, knowing and understanding the various forms of coverage to purchase can sometimes be a bit confusing. Patrick McNealis Insurance and Financial Group experts understand purchasing insurance can be overwhelming and are ready to help when needed. 

Below are some FAQs associated with purchasing motorcycle insurance: 

Is buying more than the legal limit of motorcycle insurance a good idea?

As with any insurance policy, the greater the coverage, the better protected you are. The more coverage purchased means premiums will be higher, but this reduces the financial responsibility in the event of an accident or theft. 

Is motorcycle insurance similar to car insurance? 

Motorcycle and auto insurance do work similarly. There is a set premium, and when an accident occurs, you file a claim. The insurance company pays based on the limits outlined in the individual policy. 

Is motorcycle insurance needed? 

Anything can happen when on the road and while your motorcycle is parked. Because there is a risk to owning and riding a motorcycle, having insurance coverage is best to protect your financial interest. 

What coverages will pay for damage to custom parts? 

Comprehensive coverage typically covers the costs associated with theft. However, motorcycles with custom parts and equipment may require additional coverage. When adding custom parts to a motorcycle, let your insurance agent know. Adding the upgrades to the policy ensures the upgrades are covered in the event of theft or an accident. 

Are passengers covered on my insurance policy? 

Asking if passengers are covered is an important question that can only be answered based on the type of coverage included in the motorcycle insurance policy. Speak with your agent to discuss coverage for passengers to be included in your policy. 

Patrick McNealis Insurance and Financial Group experts understand that motorcycle owners have many questions about their insurance coverage in Emmaus, PA. So give them a call today to get all of your insurance questions answered. 

Is Umbrella Insurance A Necessity?

Posted on by admin

While shopping for your boat, home or auto insurance coverage, you probably came across umbrella insurance coverage. But did you understand what it is and what it covers? If you understand what umbrella insurance is, do you think you need it? Assuming your answer is no, this blog by Patrick McNealis Insurance and Financial Group in Emmaus, PA seeks to address you. 

What’s covered by umbrella insurance? 

Umbrella insurance is extra liability insurance that covers you when your other insurance policies are exhausted. Here are areas that umbrella insurance covers you: 

Property damage

If you caused damage to or lost other people’s tangible properties by any mischance, you may need umbrella insurance — particularly if the costs associated with that property are high. 

For example, accidental damages caused by kids to expensive school properties can be covered. 

Bodily injury liability

This type of coverage comes to your rescue when you accidentally or your property causes injuries to other people. It takes care of unfortunate cases such as

  • When your dog bites your guest 
  • When you hit, say, ten people with a vehicle and auto insurance coverage isn’t enough
  • When people slip and fall on your property 

Personal liability 

Umbrella insurance protects you against slander, libel, and false prosecution. Typically, these liabilities aren’t covered by other liability coverages.  

Who needs umbrella insurance?

According to various insurance experts, you need to consider umbrella insurance if you:

  • Are a landlord
  • Coach kid’s sport
  • Have significant savings
  • Host parties frequently
  • Your driver is inexperienced 
  • Having significant savings/ valuable assets
  • Are a reputable public figure
  • Participate in sports
  • You regularly write and post product reviews of other businesses 

Even the most cautious individuals with no bad intentions can find themselves facing significant lawsuits. While no one wishes to encounter such scenarios, you should purchase umbrella insurance to protect you against unfortunate incidences.

If you are looking for umbrella insurance in Emmaus, PA and its environs, please contact Patrick McNealis Insurance and Financial Group for an affordable quote.